Gxo Logistics

From Handwiki
Short description: American contract logistics and warehousing company
GXO Logistics, Inc.
TypePublic company
Traded as
  • NYSE: GXO
  • S&P 400 component
PredecessorXPO Logistics
FoundedAugust 2, 2021; 2 years ago (2021-08-02)
HeadquartersGreenwich, Connecticut, U.S.
Number of locations
869[1] (2021)
Key people
  • Brad Jacobs
    (Non-Executive Chairman)
  • Malcolm Wilson (CEO)
  • Baris Oran (CFO)
Website{{{1}}}
Footnotes / references
[2]

GXO Logistics, Inc. (trade name GXO) is an American global contract logistics[1] company that manages outsourced supply chains and warehousing.[3][4] GXO's corporate headquarters are located in Greenwich, Connecticut, U.S.[5]

History

In December 2020, XPO, Inc. announced that it would spin off its global contract logistics segment into a separate company.[6] In March 2021, XPO announced the new name of the firm as GXO Logistics Inc.[7] The spin-off was completed on August 2, 2021,[1] with American businessman Brad Jacobs as Non-Executive Chairman, Malcolm Wilson as CEO; formerly the CEO of XPO, Inc. European division,[1] and Baris Oran as CFO.[8]

In May 2022, the acquisition by GXO of the United Kingdom -based retail logistics company, Clipper Logistics, was announced.[9][10] As part of its European expansion, the company also opened 30 shared warehouse facilities in the UK.[11]

Operations

(As of August 2021) from XPO, Inc., GXO had approximately 94,000 employees and operated 869 warehouses with more than 208 million sq ft (19.3 million m2) of facility space across 27 countries.[1] GXO's contract logistics customers operate in technology[12] and infrastructure.[13] In 2023, GXO was the world’s largest contract logistics provider.[14]

See also

  • Economy of Connecticut

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 "XPO Logistics Completes Spin Off of GXO Logistics" (in en). 2021-08-02. https://supplychaindigital.com/logistics/xpo-logistics-completes-spin-gxo-logistics. 
  2. ↑ "XPO Investor Presentation July 2021". XPO Logistics. https://investors.xpo.com/static-files/7cee4ee3-0f3b-4959-8183-8fc705c7ef7d/. 
  3. ↑ "XPO Investor Presentation July 2021". July 28, 2021. https://investors.xpo.com/static-files/7cee4ee3-0f3b-4959-8183-8fc705c7ef7d. 
  4. ↑ Hill, David (January 13, 2023). "MONEY FROM MOVING: Geography, infrastructure, megatrends drive growth in Triad's logistics industry". https://www.bizjournals.com/triad/news/2023/01/13/logistics-industry-evolution.html. 
  5. ↑ "GXO Logistics, Inc.". June 9, 2021. https://www.sec.gov/Archives/edgar/data/1852244/000162828021011851/gxologisticsform10.htm. 
  6. ↑ Berman, Jeff. "Spin-off of GXO Logistics from XPO Logistics is a done deal" (in en). https://www.logisticsmgmt.com/article/spin_off_of_gxo_logistics_from_xpo_logistics_is_a_done_deal}. 
  7. ↑ Sharkey, Grace (18 March 2021). "XPO Announces Logistics Spinoff GXO". https://www.freightwaves.com/news/xpo-announces-logistics-spinoff-gxo. 
  8. ↑ Warfield, Andy (August 3, 2021). "GXO chief financial officer: Triad a strategic location for firm's North American growth". https://www.bizjournals.com/triad/news/2021/08/03/gxo-spinoff-complete-from-xpo.html. 
  9. ↑ "GXO completes Clipper Logistics acquisition following court approval | Financial News" (in en). https://www.lse.co.uk/news/gxo-completes-clipper-logistics-acquisition-following-court-approval-th1u2abxtogcrzh.html. 
  10. ↑ "GXO eyes improved 'returns' as Clipper buy can boost reverse logistics offering". Loadstar. 9 November 2022. https://theloadstar.com/gxo-eyes-improved-returns-as-clipper-buy-can-boost-reverse-logistics-offering/. 
  11. ↑ Daleo, Jack (2023-03-28). "GXO Direct launches in UK with plans for future European expansion" (in en-US). https://www.freightwaves.com/news/gxo-direct-launches-in-uk-with-plans-for-future-european-expansion. 
  12. ↑ "Promethean en XPO Logistics breiden contract uit • TTM.nl" (in nl-NL). TTM.nl. 2017-08-02. https://www.ttm.nl/nieuws/promethean-en-xpo-logistics-breiden-contract/90788/. 
  13. ↑ "XPO Logistics wins Highways England contract renewal" (in en-GB). CILT(UK). https://www.ciltuk.org.uk/News/LatestNews/TabId/235/ArtMID/6887/ArticleID/13540/XPO-Logistics-wins-Highways-England-contract-renewal.aspx. 
  14. ↑ Crowley, Amy-Jo (2023-01-20). "GXO CEO sees large M&A opportunities in Canada" (in en). Reuters. https://www.reuters.com/markets/deals/gxo-ceo-sees-large-ma-opportunities-canada-2023-01-20/. 

External links



Retrieved from "https://handwiki.org/wiki/index.php?title=Company:GXO_Logistics&oldid=3062718"

Categories: [Companies listed on the New York Stock Exchange]

↧ Download as ZWI file | Last modified: 11/11/2023 06:58:29 | 8 views
☰ Source: https://handwiki.org/wiki/Company:GXO_Logistics | License: CC BY-SA 3.0

ZWI signed:
  Encycloreader by the Knowledge Standards Foundation (KSF) ✓[what is this?]

ZWI viewer by the EncyclosphereKSF